U.S. Senate Clarity Act Bans Federal Officials and President From Issuing Cryptocurrencies

According to CNBC, the U.S. Senate's updated Clarity Act will ban federal officials, including the president, from issuing or sponsoring cryptocurrencies and other digital assets. The revised legislation, being considered by Republicans, marks the first major law governing digital assets and includes language that specifically restricts how the president can profit from cryptocurrency for the first time.
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